CTP central petroleum limited

5.5c cash backed and 3 mind boggling wells, page-93

  1. 10,286 Posts.
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    Agree mate, probably wasn't the best example. I guess what we are looking at is a similar situation. Lets say we have.....

    3 dice.
    3 rolls to hit a six.
    no. 1 dice has 3 sixes marked on it.
    no. 2 dice has 1 six marked on it.
    no. 3 dice has 1 six marked on it.

    At the outset we have a good chance of successfully hitting that six, which is where the 71% probability comes into play. However if the first dice has been rolled unsuccessfully i fail to see how the odds of the second two lower chance dice know the first was unsuccessfully and obligingly roll over to six, this is an if and creates a variable to the equation. I absolutely agree with the equation that dave and yourself put forward, i guess my question is though is it open to variables once the first well has been successful or not?

 
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Last
5.5¢
Change
0.000(0.00%)
Mkt cap ! $40.98M
Open High Low Value Volume
5.5¢ 5.5¢ 5.4¢ $3.378K 61.62K

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1 513796 5.3¢
 

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Price($) Vol. No.
5.5¢ 123872 2
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